On Monday, Republican presidential nominee Donald Trump instituted his “America first” policy to economics in a policy speech in Detroit. “Trade has big benefits, and I am in favor of trade,” Trump said in his speech to the Detroit Economic Club. “But I want great trade deals for our country that create more jobs and higher wages for American workers. We are in a competition with the world, and I want America to win.”
The billionaire businessman’s zero-sum approach to economic conflicts would be applied to ideas with trade. Trump, who wrote “The Art of the Deal,” has always been pro-trade in lieu of the United States getting the favorable end of the deal.
In his speech, Trump outlined plans to breakdown the number of tax brackets from the current seven to a proposed three. He also said he’ll cut taxes across the board at every income level — instituting the same tax brackets proposed by House Republicans: 12, 25 and 33 percent.
“Our current tax code is so burdensome and complex that we waste 9 billion hours a year in tax code compliance,” Trump said. “These reforms will offer the biggest tax revolution since the Reagan Tax Reform, which unleashed years of continued economic growth and job creation.”